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Porter’s Five Forces are one of the basic tools for market research and business strategy development. However, this model has several significant drawbacks. First, it is a highly simplified diagram, which can often only serve for a general analysis of the situation. Second, it views the market and interactions between...
Introduction With the uncertainty in the contemporary business environment, Human resource planning (HRP) is integral in the success of an organization. HRP helps align anticipated supply with labor demand to ensure that there is adequate staff to perform organization’s operations (Dessler & Chhinzer, 2020). As shown in the case, there...
Diversity Analysis Diversity plays an important role in the workplace and in discussions of HR. For any field, having a wide variety of available talent to work with is a necessity, one which allows difference in perspective. When a company chooses to hire people from a large selection of personal,...
While there are many discussions about the nature of leadership, it is crucial to correctly define the word “leadership” for the concrete audience: commercial banks. First and foremost, the definition of leadership has many possible explanations when turning to commercial banking due to the variety of departments in the system...
Introduction The performance in the workplace is significantly conditional upon the adoption of an appropriate leadership style by managers addressing the principal organizational needs. One of them is situational leadership, and its incorporation in regular operations of present-day companies seems to provide positive results (Walls, 2019). However, this approach also...
Termination analysis: this issue considers why individuals leave an organization and what effects this phenomenon can have. For example, this information is significant because it can reveal the most frequent reason for firing an employee. Google can rely on various kinds of descriptive data, including firing statistics that highlight details...
Introduction Diversity management is the process of seeking and resolving tensions in collectives where various social groups are present. Those groups can be distinguished by race (for example, Black or Latino), sexuality (various representatives of LGBT society), cultural and national background, gender, and social class. Tensions between them are usual,...
Corporate alignment to ethics is ensured by models, which are the Triple Bottom Line, the Sarbanes-Oxley Act, and three Cs of Leadership. The first framework, the Triple Bottom Line, incorporates people’s interests, the planet, and profits (Slaper & Hall, 2011). The Sarbanes-Oxley Act’s components are financial regulations for organization boards,...
For many people who witness the tendencies in the neoliberal economy-driven and globalized society, business and ethics are two incompatible phenomena. However, business ethics plays a significant role in the distribution of forces and the maintenance of fair competition while preserving basic moral principles. Indeed, due to the controversy of...
In a management environment, personal control is a complex and controversial issue. Personal control can impose significant restrictions on the work process, and it is not always a good motivation for employees. Thus, workers may resent scrutiny and only perform better when they have greater personal freedom. The desire for...
Introduction There are certain concepts of how the workplace atmosphere shall look in contemporary companies of different types. However, it is common for some employees to act in another way than social norms and workplace rules dictate them. Thus, Bennett et al. (2018) define workplace deviance as “voluntary behaviors that...
Firing employees is always a responsible step that usually causes rather unpleasant emotions. However, in some circumstances, delays only exacerbate the problem, and the CEO must decide to fire the employee immediately. Scientists note that the United States has positive statistics, as the official rate of layoffs is one in...
Introduction Fifth Third Bank has 18 thousand employees, approximately 60% of who are females, for which reason a maternity leave policy is of a special importance to the bank administration. Along with that, the bank has the object of promoting women to leadership positions, which apparently collides with maternity leaves,...
Starbucks Corporation is an American company of coffeehouses and roastery reserves all over the world. Child et al. (2019) note, it is “the largest coffee chain in the world” (p. 172). As it is a public facility, it is logical that Starbucks has many difficulties because of COVID-19. Quarantines, pandemics,...
Businesses employ a variety of strategies to maximize earnings and acquire a competitive advantage over their industry’s competitors. ALDI has developed unique strategic management approaches that have helped it acquire and sustain competitiveness in the face of a variety of business challenges. The company’s operational concepts can be summarized in...
Fault tolerant processes are as of now needed in a few significant application areas. Other than and in supplement to different potential methodologies, for example, demonstrating or scientific displaying where relevance and precision are altogether confined n account of complex shortcoming lenient frameworks. Fault injection purposely acquaints mistakes with a...
Etihad Airways (henceforth, Etihad) is a flag carrier of the United Arab Emirates (UAE), providing flights to many destinations worldwide. As the company expands, Etihad has to address cultural, administrative, geographic, and economic distances as an international company operating with travel across states and continents upon launching new flights and...
The idea of compensating differential relates to giving a worker an additional amount of income to motivate him or her to accept a given challenging job compared to other jobs available. Wage premium, a form of compensating differential, refers to an average wage that particular workers earn that is greater...
The External (EFE) and internal (IFE) factor evaluation matrices do not only allow a company to properly consider its strengths, weaknesses, opportunities, and threats but also to evaluate their impact on the overall company’s standing. For Walt Disney, both IFE and EFE matrices present mixed results that require analysis. In...
Strategies The Chinese firm Alibaba is a well-known player in the global market, which successfully copes with the competition. To this end, Alibaba is trying to improve its image and reputation, being remembered as a company with the best technology and a high level of social responsibility. This approach has...
The current COVID-19 epidemic has hit many businesses, especially those providing face-to-face services. That is why many restaurant chains and shops are now in dire straits. Starbucks, being a relatively large chain, does not have the same problems as many small businesses. However, this network has also suffered a severe...
This paper compares Amazon’s market competitive advantage to other market leaders like Jet.com, Google, and Walmart. It also looks at Amazon’s key advantages and downsides and addresses the significance and ramifications of comprehending or failing to understand the external environment. When it comes to corporate supremacy, Amazon is unsurpassed in...
Today the tourism industry is one of the largest rapidly developing sectors of the world economy. This is largely due to social, economic and political progress, as over the past decade, tourism has become available to the general public. Along with the growth of the total number of tourists, the...
Introduction Over the years, extensive research has been undertaken on turnover and retention as a significant issue in human resource management within organizations. As reported by Hassan et al. (2019), the challenge remains unresolved, posing as a threat to management performance. Turnover has been defined as the measure of employees...
Recruiters have to analyze complex data from resumes and social media profiles to professional resource accounts to make the appropriate hiring decisions. The information can be too extensive, and as a result, they do not find promising candidates, and the vacancy cannot be closed. To avoid this, USPS should apply...
The leadership style of managing an organization is a topic that many leaders have heard over the past decade. A quite reasonable question arises: why is leadership important when you can just be a good executive? The concepts of leadership and management are far from identical, but many people do...
Introduction An authentic leader is dedicated to self-awareness and seeks to exhibit the desirable qualities of a leader. These qualities are those that followers should associate with and emulate while developing in crucial personal aspects. These leaders exhibit their authentic selves and integrate this into every aspect of their lives...
The selected organization of interest is Berkshire Hathaway, which is a holding company. There are 14 key Fayol’s principles, which include division of work, authority and responsibility, discipline, unity of command, unity of direction, subordination of individual interest, and remuneration (Rodrigues, 2001). The framework also involves centralization, scalar chain, order,...
Background Small company owners and workers should avoid making public statements or doing activities seen as dubious. These activities include libelous or possibly defamatory remarks, as well as conducting business with dishonest people. Employing people renowned for unethical business activities may not seem troublesome to SMEs since they believe its...
Nowadays, companies are desperate to find new efficient strategies when it comes to hiring new talents, motivating, rewarding, and promoting them. The growing complexity of human resources management vividly shows that there is still no optimal strategy that can be applied to all employees. Therefore, an analysis is required to...
Thesis Statement: Employers and employees at all levels are becoming increasingly concerned about the rise in workplace violence and attempting to uncover possible preventive measures, including interventions and online tools, to create a safe working environment. Gadegaard, C. A., Andersen, L. P., & Hogh, A. (2018). Effects of violence prevention...
Introduction Workplace violence is any act or threat of physical violence, harassment, intimidation, or other dangerous behavior against an employee. The manifestation of violence can range from threats and verbal insults to physical attacks and even murders. Unfortunately, even in the modern era, violence in the workplace is a common...
Introduction Establishing efficient working processes is crucially essential for ensuring the achievement of the desired outputs. The company executives must keep in mind that the management practices performed in the working environment should adhere to the needs of the employees and provide them with an opportunity to develop their professional...
Summary In most studies on reinforcement of desired behavior, it is noted that the speed of employee training is primarily determined by the schedule (the frequency and intervals) of support. There are five types of reinforcement schedules: one – permanent reinforcement and four – partial. Of particular interest are the...
When the subject of work-life balance is brought up, it is most common to consider the work and family aspects. However, it is essential to evaluate the significance of other nonworking domains since the labor force is diverse nowadays. According to Gragnano, Simbula, and Miglioretti (2020), the health domain is...
DEI in the Workplace Notably, the role of DEI, which stands for Diversity, Equity, and Inclusion, is crucial in the 21st-century workplace. Gill et al. (2018) suggest that companies and organizations should implement strategies that promote DEI to enable inclusive and diverse team environments for better employees’ experiences and engagement....
Executive summary Wear2Win is a company that specializes in creating and printing custom t-shirt designs for e-sport teams. This paper defines the difficulties of operating in a market with a narrow customer base that required a significant effort in analysis and strategic planning for the company. It also reveals how...
Introduction The business spheres with saturated entrepreneurs inspired a new blue ocean strategy implanted by firms such as Yellow Tail. Companies that have a group of loyal customers and a considerable capital limit not only the entrants into an industry but also themselves in the domain of innovations. As Parnell...
Leadership is characterized by a person’s traits, qualities, and behavioral features. Leadership can be described as a process of influencing people in order to achieve a common goal. Leaders do not manipulate people but rather guide and motivate them based on their objectives, visions, and missions (Mokhtar et al. 256)....
The task of the head of any level – from the general director to the head of the department – is to build the most effective work of the team entrusted to them. According to the YouTube video The Effective Executive, leaders share characteristics that enable them to be efficient...
A destructive leader is characterized by excessive use of power and control, self-centered qualities, and harmful behaviors. Significantly, dangerous leaders are narcissists who demonstrate a high level of charisma. Usually, there are two groups of followers, such as conformers, who are afraid not to follow because of low self-esteem, and...
Being an effective and successful leader is not an easy task. A beginner might need some advice concerning starting their project or a startup, building a team, and maintaining a productive atmosphere. Bill George, a former CEO of Medtronic and the author of the bestseller True North, shared some valuable...
In September 2021, Sanofi announced that it would acquire Kadmon, an American pharmaceutical company, for $1.9 billion. The acquisition aims to bolster Sanofi’s transplant medicine business based in France. Given the scope and market share of the two companies, the purchase is a plus for Sanofi. First, Kadmon deals with...
Value stocks are securities of companies that are usually significantly underestimated by the market. An essential component of such stocks is the ability to generate cash flow in the long term. This cash flow leaves them with the potential for capitalization growth. Often such securities are undervalued due to external...
In management theory, the strict conceptual distinction between management and leadership deserves special attention. This essay provides a critical analysis of the two concepts. Of primary importance is the recognition of the severe differences between leadership and management, based on the critical core of each concept. Thus, according to Hughes,...
The report presents extensive feasibility research of Helpmewrite.ai, which is writing Software that aids paralegals and lawyers to promptly constitute high-quality legal documents. The report will help significantly examine the feasibility of the proposed innovation plan by recognizing probable complications prior, thus averting them from happening by preparing for their...
Introduction Although Etisalat operates in an environment where it represents the dominant force, the company still needs to ensure that its competitive advantage remains strong to avoid being ousted from the market by emergent organizations with a greater competitive edge. Specifically, the organization is known for two major benefits that...
Individualism vs. Collectivism The first dimension that helps to understand the contrast between American and Indian cultures is based on the examination of whether the respective societies are of individualistic or collectivistic orientation. As such, Hofstede Insights (n.d.) found that while the U.S. society is prevalently individualistic, Indians combine both...
The Cost-Volume-Profit analysis is mainly focused on calculating the variables by assessing changes in different aspects of business operation. However, this method can also be called What-If in a way that the presenter mentions: we research what changes if a specific variable increases, decreases, or remains unaltered. For instance, the...
There is a need for the furniture manufacturing company to have a compensation policy. For the company to attain consistency, seven strategies will be necessary. Firstly, it will be proper to have working job structures for the company in all the departments. Evaluating the departments to determine job structures will...
Shareholder derivative action is an important mechanism that allows shareholders to pursue litigation against parties that may harm the organization. It plays a critical role in providing legal rights to shareholders in terms of controlling and managing a corporation. The mechanism is also designed to prevent unlawful actions committed by...
The workplace culture is undoubtedly one of the most significant aspects that contribute to the organization’s efficiency. However, the working atmosphere is established not only by the employer but also by the employees who share the same ideas regarding the company’s future and its aims. As a matter of fact,...
A period of economic recession can be a difficult time for all members of the economy, both workers and their employers. As money is functionally necessary for human society, one must always take into consideration the potential profits and losses, as well as think about the possible decisions to maximize...
Zara’s Products Zara offers a wide variety of products in the fashion industry. The company positions itself as a provider of affordable fashion. Affordable prices are achieved by controlling most of the steps in the supply chain, and hence significantly reducing the costs. Scale economies also play a considerable role...
Supply chain digital transformation is a flexible, customer-driven, and efficient technique used to develop various return organizational forms and identify the most suitable approaches with emerging technologies and data analytics. Digital supply chain management (DSCM) has extensive advantages, but many companies experience a hard time in its implementation. Globally, the...
Design Thinking is a way of thinking that helps improve, modernize and find new creative business management processes. This concept is independent of the design discipline and offers opportunities in the process and additional tools. One of the characteristics of Design Thinking is using “abductive thinking,” which involves new perspectives...
Purpose In their article Burnout and food safety: Understanding the role of job satisfaction and menu complexity in foodservice, Silva et al. (2021) aim to analyze the relationship between job motivation, job satisfaction, burnout, and food safety practices. The authors emphasize two main objectives of the research: first, to measure...
Introduction Workers with in-demand unique skills earn more money than workers without those skills. Employers assess workers’ abilities when making hiring decisions and through regular employee assessments and supervisor feedback. Some talents help workers be more adaptable, allowing them to execute various activities as needed. In contrast, colleagues with fewer...
Coca-Cola is a globally recognized manufacturer and distributor of non-alcoholic beverages, including primarily carbonated soft drinks as well as noncarbonated beverages. The company’s competitive advantage strategy revolves around several key factors, such as marketing, product quality, innovation, and research. The company is ranked 53rd on the list of the world’s...
When a company registered in one state incurs losses due to the fault of a company registered in another state, it may be unclear how to resolve the dispute legally. In the case of Great Vegetables, Corp. there are three possible guilty parties, two of which have not physically operated...
Introduction Notably, healthcare facilities are working environments that require exceptional leadership that focuses on providing efficient, quality, and safe healthcare services to the highest degree possible. As a healthcare employee, I have observed that clinical environments are subject to changes in laws and regulations, rapid technological changes, increasing ethical issues,...
Cote, R. (2017). Vision of effective leadership. International Journal of Business Administration, 8(6), 1–10. The article describes several key leadership theories, including Transformational, Pseudo-Transformational, Transactional, Charismatic, and Situational ones, as well as identifies their key features. The research highlights the main advantages of Situational leadership and states that the approach...
An investigation by the Office of the Inspector General finds Gregory Smith, a client at the Minerals Management Service (MMS), guilty of misconduct and misbehavior. His actions based on allegations of confidential services raise conflict of interest claims within the firm. Identifying warning sources and signs is critical in agencies...
Introduction Using his own proposed rating scale, Pedersen deserves an O for outstanding. Having been sourced when there was a shift in Shinsei’s leadership and a great uncertainty on the way forward for the growing bank, he made remarkable strides in instilling some learning within the organization’s personnel (Delong &...
Today, enterprise resource planning (ERP) and customer relationship management (CRM) tools are vital for a successful business. ERP helps to integrate data from various company departments into a single system, allowing personnel access to up-to-date information (Perkins, 2020). Meanwhile, CRM tools provide opportunities to trace and analyze customer interactions to...
In summary, this paper focuses on the management control systems that help organizations avoid financial losses. Teach assistants’ (TA) responsibilities include a variety of duties that cannot be measured or calculated for the purpose of accurate salary calculations, such as responding to questions and emails. Hence, this paper explores the...
SIPOC Chart Suppliers Inputs Processes Outputs Customers Customers. Cake suppliers (Quebec -based). Distribution managers. Warehouse managers. Wholesalers. Retailers. Placed request for product supply. Accounting receipts. Production cost estimate. Wholesalers’ CRM. Retailers’ CRM. Warehouse storage. Organization of a product supply to the warehouse. Product procurement. Communication with wholesalers. Allocation of products...
Companies work to accomplish a variety of goals, both internal and external. Generally, a business in operation needs to comply with the laws of the nation it works in, act in the interest of its workers and the stakeholders, as well as to produce tangible. All of the processes involved...
The analysis of this case study explores certain business events between three main characters John Cannon, Klaus Ehrwald, and Dr, Rombach. John Cannon is the product line manager dealing with surgical equipment and is well known for his abilities as a successful market analyst within the company. Cannon’s main duty...
Uber Technologies Inc. is an American technology company headquartered in San Francisco. The company was founded in 2009; it operates a cab-hailing service worldwide in more than 900 metropolitan areas globally (Cornelissen and Cholakova). It is estimated that Uber has more than 93 million users every month worldwide (Hotfelder et...
McDonald’s has undergone many business strategies, product sales, and conditions for customers during its existence. According to the study by Dess et al. (2020), the company’s total revenue fell from $ 24,622 million in 2016 to $ 21,025 million in 2018. Hence, the company needed to rethink its products and...
Publix is one of the leading private retailing chains in the United States, and the company’s success depends on the effective marketing strategies developed with references to using the appropriate marketing information system (MIS) (Kotler & Keller, 2012, p. 69). Thus, the company founded in 1930 pays much attention to...
In today’s realities, build your dreams’ (BYD) strategic business level is not sophisticated enough. The main emphasis was put on the past few years when one of the most successful investors, Warren Buffett, began “backing” the company by owning a portion of its shares. A large-capitalized company with nearly 113...
Tesla and Ferrari are two instantly recognizable car brands with vastly different reputations. Tesla is a technologically innovative upstart, while Ferrari is an established colossus of opulence and speed. Tesla appeals to me because it is a futuristic business that offers its employees a chance to work towards an idea...
By 2020, IKEA has set itself the goal of achieving gender balance in leadership positions and creating an atmosphere of equality in all business processes. The company aspires to support both men and women in the workplace in the administrative and managerial spheres. At the same time, the company also...
McDonald’s is a world-famous fast-food restaurant that almost all people around the globe love. Millions of people visit this place to eat quickly on the go and enjoy the delicious food. Recently, McDonald’s felt a strong need to adjust its menu to various cultures, as they opened restaurants worldwide. It...
Introduction For the successful running of a company and its effective relationship with employees, it is essential to consider HRM principles. They include the following principles: the principle of proper selection, the principle of personal growth, the principle of fair pay, the principle of incentives, the principle of equal participation,...
Employee motivation has been studied extensively due to the need to discover the processes to be put in place to yield the highest performance and dedication from workers. However, people are different and have a varied understanding of what motivates them to do better professionally, which prompted the emergence of...
Evidently, each company selects candidates based on their skills and knowledge while also considering how a person will fit into the environment and culture of this business. With the recent focus on diversity in organizations, one can argue that US companies should consider hiring people from other states to ensure...
In this post, I would like to discuss the two distinct methods of providing incentives for employees. The first one is the individual-based approach that aims to increase the motivation of the best workers by directly paying them for their achievements while providing less efficient employees a reason to perform...
Leaders are people given the role to govern others within a country, organization, or business place. Within the area of business, there are different types of people with different personalities. Different leadership styles majorly impact how an organization performs since a good working environment can boost employee morale. Exemplary leadership...
Organizations rely on different individuals to implement their strategies and meet the brand goals. The employees might work independently or in teams, but the target is one; achieve the set objectives. The readings focused on some of the challenges teamwork faces, including complaints, lack of commitment and trust, conflict, and...
Gamification of personnel is not a substitute for work or self-indulgence. Properly built gamification of business processes benefits the company, from motivating employees to do work to achieving global goals and increasing the company’s cash income. Armstrong and Landers (2018) define gamification and explain its role in improving employees’ productivity....
Principal causes of employee turnover Why are there so many memes and jokes about stereotypically demanding and unfair bosses? From childhood, many people get used to such image of an employer. However, is there a way to build relationships with the boss based on trust and harmony? Relationships between employers...
Introduction Being a leader is one of the requirements of the present-day world, guaranteeing one’s success, and it applies to professional and personal life. It correlates with numerous provisions, which constitute a personality to which the related qualities can be attributed when describing their influence on others. Therefore, the presentation...
The team leader in a small business is essential since this person offers actions and consistency in the most profitable way. Moreover, leaders support and inspire employees and provide them with the necessary means to carry out their responsibilities. Personal qualities influence the behavior of leaders and thereby determine the...
The organization I currently work for, Keeprite Refrigeration, focuses on cooling and refrigeration units. The mission of Keeprite Refrigeration is to take a flexible and innovative approach while providing high-quality products that are subject to continuous improvement. The vision of the company consists of meeting the needs of its customers...
Introduction Equating leadership to holding a formal position in the hierarchy of power is a common misconception. For me, leading is impossible without impacting teams at the emotional and moral levels. This essay discusses my leadership philosophy based on responsibility, moral support, loyalty to the team, and firmness. My Philosophy...
It is hard to disagree that modern generations are eager to rule the world and desire to prove themselves even before college graduates. Few of them can admit that they need additional knowledge and skills. Though having self-confidence is incredibly important and beneficial, being extra confident can sometimes lead to...
Introduction There are numerous leadership theories and models that intend to assist organizations with establishing the most positive work environment and achieve goals with high efficiency. Garman and Dye propose a framework for the assessment, selection, and training of leaders that will add a significant value to an organization’s operations....
It is hard to disagree that many factors influence a company’s status, competitiveness, and success. It may be beneficial for small businesses to learn from major corporations, the main differentiator of which is often the quality integration of HR with the organizational culture. The purpose of this paper is to...
The chapter discusses the notion of privatization in its relation to public human resource management (PHRM). Battaglio highlights the pros and cons, challenges and opportunities of privatization in the context of PHRM, as well as laws that affect it. Privatization can be beneficial and cost-reducing but public sector employees should...
In times of transformational change, it is important to understand what and how can be done to keep the organization, teams, and employees in working order. The leader must consolidate the management team around the vision of the future and the chosen strategy, ensure a successful start, and overcome resistance...
The article presents information about recruitment, selection processes, and attracting suitable candidates to an open vacancy. This is a source of advice for beginners in Human Resource Management along with professionals in this field. The webpage is divided into several parts, and each of them describes a certain stage of...
The 360-degree assessment method helps determine how well an employee corresponds to his position through a survey of managers and colleagues. This method allows for evaluating the effectiveness of each employee and how well they fit into their position. This evaluation method is quite complex and multi-stage (Snell, 2019). Using...
An ePortfolio is an essential tool that shows a potential employer the candidate’s skill, knowledge, and learning outcomes. After completing this course, I would like to apply for an internship at the administration department of one of the local companies. A comprehensive ePortfolio that includes writing samples, certificates, a list...
The selected case study, Firing Up the Commercial Uniform Team, displays the possible types of employee motivation. There are currently problems with fixed wages in Commercial Uniform Inc. (CUI) and a slight decline in business activity. Derrick, Regional Manager for CUI, is responsible for the uniform supply and related dry-cleaning...
Leadership style is a model of interaction between a manager and subordinates. It allows leaders to make proper decisions, delegate tasks and put the responsibility on certain employees. In addition, the style usually defines such vital aspects as the level of motivation of workers, their loyalty to the company, and...
The company makes payments to its employees twice a month in the periods from 1 to 16, and from 26 to 30. However, individual payment dates may be considered when filling out the form provided for in the company’s charter. For example, an employee may receive payments once a month...
Introduction Leadership development in terms of human resource (HR) management is a fundamental approach to promote the economic performance of a particular enterprise. Within a broad spectrum of leadership-oriented theories, it is crucial to consider the actual practices in the work environment, as well as the potential benefits of the...
Xator Corporation provides services on innovative security solutions in various areas: cybersecurity, national security, critical infrastructure protection, and many others. The corporation’s mission is to provide clients with a secure environment for the effective continuation of their work. The vision of the company is to be a reliable partner who...
Layout decisions are of significance for every company and business. It is so because they are “associated with the arrangement of facilities in a manufacturing shop floor, which impacts the performance and cost of the system” (Tayal et al., 2017, p. 621). Consequently, these decisions determine how a company is...
